Form 6-K CREDIT SUISSE AG For: Mar 19

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March, 2018

Commission File Number 001-33434

CREDIT SUISSE AG

 

(Translation of Registrant’s Name Into English)

Paradeplatz 8, CH-8001 Zurich, Switzerland

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F      Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Explanatory note

 

This report on Form 6-K contains the exhibit set forth below. This report on Form 6-K and such exhibit are hereby incorporated by reference into Registration Statement No. 333-218604-02 of Credit Suisse AG.

 

Exhibit 99.1: Press release of Credit Suisse AG dated March 19, 2018.

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

	CREDIT SUISSE AG
Date: March 19, 2018	By:	/s/ James Bass
		Name:	James Bass
		Title:	Authorized Officer
	By:	/s/ Praju Doshi
		Name:	Praju Doshi
		Title:	Authorized Officer

 

 

Exhibit 99.1

 

CREDIT SUISSE AG

	Eleven Madison Avenue New York, NY 10010  USA	Telephone Fax	+1 212 325 5200 +1 212 325 6665

	Media Release   March 19, 2018
	Credit Suisse Announces Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the “ETNs”)

On March 19, 2018, Credit Suisse declared coupon payments for the following ETNs:

 

ETN Ticker	ETN Name	Closing Indicative Value on  2/28/18	Ex-Date	Record Date	Payment Date	Coupon Amount per ETN1	Coupon Frequency	Current Yield2
USOI	Credit Suisse X-Links® Crude Oil Shares Covered Call ETN	$26.7232	3/20/18	3/21/18	3/26/18	$0.0439	Monthly	4.13%3
GLDI	Credit Suisse X-Links® Gold Shares Covered Call ETN	$9.0742	3/20/18	3/21/18	3/26/18	$0.0306	Monthly	3.37%3
SLVO	Credit Suisse X-Links® Silver Shares Covered Call ETN	$7.6494	3/20/18	3/21/18	3/26/18	$0.0263	Monthly	3.78%3

 

1. On March 6, 2018, Credit Suisse announced expected coupon payments for USOI, GLDI and SLVO. This Media Release supersedes any prior announcement with respect to such expected coupon payments. 

 

2. For each ETN, the Current Yield equals the Coupon Amount, annualized and divided by the Closing Indicative Value, as discussed in more detail below. The Current Yield is not indicative of future coupon payments, if any, on the ETNs. You are not guaranteed any coupon payment or distribution under the ETNs. Coupon payments for the ETNs (if any) are variable and do not represent fixed, periodic interest payments. The Coupon Amount may vary significantly from coupon period to coupon period and may be zero. Any payment on the ETNs is subject to Credit Suisse’s ability to pay its obligations as they become due. Accordingly, the Current Yield will change over time, and such change may be significant. For more information regarding any ETN's coupon payments, please refer to such ETN's pricing supplement.

 

3. The Current Yield equals the sum of (i) the Coupon Amount, plus (ii) the amount of the ETN's two most recent coupon payments, multiplied by four (to annualize such amounts), divided by the Closing Indicative Value, and rounded to two decimal places for ease of analysis.

 

Press Contact

Azar Boehm, Credit Suisse AG, telephone +1 212 538 3953, [email protected]

 

Credit Suisse ETNs

Telephone +1 800 320 1225, [email protected]

 

The ETNs may not be suitable for all investors and should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The ETNs are subject to the credit risk of Credit Suisse. You may receive less, and possibly significantly less,

 

	Media Release
	March 19, 2018 Page 2/2

than the principal amount of your investment at maturity or upon repurchase or sale. Coupon payments on the ETNs will vary and could be zero. There is no actual portfolio of assets in which any investor in the ETNs has any ownership or other interest. Investors in the ETNs do not have voting rights, distribution rights or other rights with respect to the assets included in the tracked indices. An investment in the ETNs involves significant risks. For further information regarding risks, please see the section entitled “Risk Factors” in the applicable pricing supplement.

 

Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as ‘Credit Suisse’). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,840 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

 

Credit Suisse has filed a registration statement (including a prospectus) with the Securities and Exchange Commission, or SEC, for the offering to which this press release relates. Before you invest, you should read the applicable Pricing Supplement, the Prospectus Supplement dated June 30, 2017 and the Prospectus dated June 30, 2017 that Credit Suisse has filed with the SEC for more complete information about Credit Suisse and this offering. You may obtain these documents without cost by visiting EDGAR on the SEC website at www.sec.gov or clicking the hyperlinks below:

 

USOI:

Pricing Supplement dated June 30, 2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:

https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=USOI

 

GLDI:

Pricing Supplement dated June 30, 2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:

https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=GLDI

 

SLVO:

Pricing Supplement dated June 30, 2017, including the Prospectus Supplement dated June 30, 2017, and Prospectus dated June 30, 2017:

https://notes.credit-suisse.com/csfbnoteslogin/etn/prospectus.asp?Ticker=SLVO

 

Alternatively, Credit Suisse, Credit Suisse Securities (USA) LLC or any agent or any dealer participating in this offering will arrange to send you the applicable pricing supplement, prospectus supplement and prospectus if you so request by calling 1-800-320-1225.

 

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change.

 

X-Links^® is a registered trademark of Credit Suisse Securities (USA) LLC.

 

Copyright © 2018, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

 

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• MSCI Inc. (MSCI) PT Lowered to $425 at BofA Securities
• CSX beats quarterly estimates on higher intermodal, coal export volumes
• CSX (CSX) PT Lowered to $36 at RBC Capital